Raiders Another Step Closer to Vegas

 
 

According to a recent Review Journal article, the talk of the Raiders moving to Las Vegas is back on the table and hot in the media again. 

"In one of the beginning steps in what could be a long climb, Oakland Raiders owner Mark Davis vowed to attempt to relocate his franchise to Las Vegas if a stadium is constructed primarily for the team. Davis pledged a contribution of $500 million from the Raiders toward the project, with $200 million coming from an NFL loan."

“We have made a commitment to Las Vegas at this point in time, and that’s where it stands,” Davis said Thursday at a Southern Nevada Tourism Infrastructure Committee meeting. “We’re not using Las Vegas as a bargaining chip. I would never do that. This is real.”

The current plan includes a 65,000-seat domed stadium on Tropicana Avenue near the Strip. The stadium would cost $1.4 billion and be funded both privately and publicly. The location of the stadium could change, but they are set on having a dome stadium with a natural grass field. As part of the league requirements, the NFL would require 24 of 32 votes from the league owner's for the move to be approved. 

The creation of the Clark County Stadium Authority (CCSA) was proposed. The CCSA would be responsible for the design, financing, construction and operation of the new stadium.

Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage
shawn@cgvegas.com | 702-960-4819 Shawn
kyle@cgvegas.com | 702-960-4819 Kyle
Source: Review Journal

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